The stockholders equity section of Price Corporations balance sheet follows together with a portion of its statement
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Question:
The stockholders equity section of Price Corporations balance sheet follows together with a portion of its statement of cash flows:
Shareholders' Equity ($ millions) | 2024 | 2023 |
Common stock, $0.20 par value: Authorized, 1.0 billion shares; Issued and outstanding, 565,400,000 and 558,300,000 shares, respectively | $ 113 | $ 112 |
Additional paid-in capital | 820 | 560 |
Retained earnings | 10,100 | 8,500 |
Accumulated other comprehensive income (loss) | 100 | (300) |
Shareholders' equity | 11,133 | 8,872 |
Noncontrolling interests | 1,400 | 1,050 |
Total shareholders' equity | $ 12,533 | $ 9,922 |
Financing Activities ($ millions) | 2024 | 2023 |
Issuance of common stock | $ 261 | $ 190 |
Dividends paid | (500) | (450) |
Repayments of debt | (11,400) | (9,500) |
Proceeds from issuance of debt | 12,200 | 10,200 |
Acquisition of noncontrolling interests | (350) | (160) |
Total cash provided by financing activities | $ 211 | $ 280 |
- Calculate the net income of Price Corporation for 2024 (assume dividends declared equal dividends paid).
3. Calculate the average dollar per share received for common stock issued during 2024.
4. What is the dividend per share paid in 2024?
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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